Sagespring Wealth Partners LLC Invests $437,000 in MetLife, Inc. (NYSE:MET)

Sagespring Wealth Partners LLC bought a new position in MetLife, Inc. (NYSE:MET - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,332 shares of the financial services provider's stock, valued at approximately $437,000.

Other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of MetLife in the fourth quarter valued at approximately $32,000. Sierra Ocean LLC bought a new stake in shares of MetLife during the fourth quarter valued at approximately $32,000. Graney & King LLC acquired a new position in shares of MetLife in the 4th quarter valued at $34,000. Values First Advisors Inc. bought a new position in shares of MetLife during the 4th quarter worth about $36,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of MetLife during the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 94.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of MetLife from $95.00 to $88.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. UBS Group boosted their price target on shares of MetLife from $94.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of MetLife in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $97.00 price target on the stock. Piper Sandler upped their price objective on MetLife from $92.00 to $94.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Morgan Stanley dropped their price objective on MetLife from $109.00 to $94.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $92.46.

MetLife Price Performance

Shares of MetLife stock traded up $0.79 on Friday, hitting $72.49. The company's stock had a trading volume of 2,739,216 shares, compared to its average volume of 3,407,125. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.16 and a current ratio of 0.16. MetLife, Inc. has a 1 year low of $65.21 and a 1 year high of $89.05. The firm has a fifty day moving average price of $79.19 and a 200-day moving average price of $82.12. The company has a market capitalization of $49.38 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 0.65 and a beta of 0.89.

MetLife (NYSE:MET - Get Free Report) last released its earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. As a group, sell-side analysts anticipate that MetLife, Inc. will post 9.65 earnings per share for the current fiscal year.

About MetLife

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.